bill
Inventory
How do I record vendor credits?
To record vendor credits:
- Go to the Contacts module and open a preferred vendor.
- Click the New Transaction button.
- Choose the Bill Payment option from the drop-down.
- Record payments for all the existing bills - paid in full or partially or you can also record excess payments and save it.
- The amount in excess will be recorded as a vendor credit which you can apply on your future bill payments.